New Orleans home prices are cooling according to a recent article in the Times-Picayune, but for the most part, the city is still showing significant increases in home prices from pre-Katrina to today.
Here’s a breakdown of the dropping prices from Algiers to Avondale, with the 70094 zip code suffering the biggest losses.
Pre-Katrina prices: $93 per square foot
2014: $82 per square foot
Pre-Katrina: $95 per square foot
2014: $94 per square foot
Pre-Katrina: $83 per square foot
2014: $73 per square foot
Pre-Katrina: $82 per square foot
2014: $74 per square foot
Pre-Katrina: $87 per square foot
2014: $78 per square foot
70094 (Westwego, Avondale, Bridge City)
Pre-Katrina: $73 per square foot
2014: $52 per square foot
Remember, these are averages across the zip codes, so your neighborhood may be performing better or worse than this.
If you’d like a customized analysis of the market for your home, give us a call at 504-327-5303 and we’ll be happy to share the details with you.Google+